Disclaimer

This web site has been prepared by Chesser Resources Ltd (Chesser). The information contained in this web site is a professional opinion only and is given in good faith.

Certain information in this document has been derived from third parties and though Chesser has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by Chesser.

Any forward-looking statements included in this web site involve subjective judgement and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and maybe unknown to, Chesser. In particular, they speak only as of the date of this document, they assume the success of Chesser’s strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward looking statements and the assumptions on which the forward looking statements are based. Viewers of this web site ("Users") are cautioned to not place undue reliance on such forward-looking statements.

Chesser makes no representation or warranty as to the accuracy, reliability or completeness of information in this web site and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this web site has been published. To the extent permitted by law, Chesser and its officers, employees, related bodies corporate and agents ("Agents") disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of Chesser and/or any of its Agents) for any loss or damage suffered by a User or other persons arising out of, or in connection with, any use or reliance on this web site or information. All amounts in A$ unless stated otherwise.

The exploration data and results contained in this web site are based on information reviewed by Dr Rick Valenta, a fellow of the Australian Institute of Mining and Metallurgy. He is Managing Director of the Company and has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the December 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Dr Valenta has consented to the inclusion in this web site of the matters based on his information in the form and context in which it appears.

The information in this web site that relates to in-situ Mineral Resources is based on information compiled by Mr. Gary Giroux of Giroux Consultants Ltd. Mr. Giroux is the competent person for the Sisorta resource estimate and takes overall responsibility for it. He is a Member in good standing of the Association of Professional Engineers and Geoscientists of the Province of British Columbia (a "Recognised Overseas Professional Organisation" under the JORC code) and has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a "Competent Person" as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (JORC Code) and has the appropriate relevant qualifications, experience and independence to qualify as a "Qualified Person" under National Instrument 43-101 - "Standards of Disclosure for Mineral Projects" (NI 43-101). Mr. Giroux consents to the inclusion of such information in this web site in the form and context in which it appears.

The Sisorta Project study is an initial conceptual analysis, submitted for permitting and designed to provide an order of magnitude estimate of capital and operating costs, financial return and overall economic viability: approximately 670,000 tonnes ore and 1,950,000 tonnes waste per annum; Annual production of 12,115 oz Au and 18,260 oz Ag; conventional crushing and heap leach technology; Operating revenue estimated at US$18.81 per tonne of ore, based on current gold and silver prices; Operating costs are estimated to be approximately US$8.74 per tonne of ore; Capital costs estimated to be US$9 million, based upon similar operations recently constructed in Turkey.; Using just the current Mineral Resource, the Project indicated an NPV of US$23 million (using an 8% discount rate); Project assumed processing tonnages and used preliminary metallurgical data, and as such should be regarded with appropriate caution; This high level Project is early stage and there is no certainty that the estimates of the Project will be realised in the future.